New car over 40K cost upto £2000 road tax!
Discussion
No it won't !
It'll cost £140 plus the over £40k extra of £310 for the first five years.
Initial registration for the first year could cost up to £2000 but that's only for the first year.
From gov.uk:
New vehicles that cost more than £40,000
If you buy a vehicle with a list price (the published price before any discounts) of more than £40,000, you’ll pay a rate based on CO2 emissions the first time it’s taxed.
When you tax it for the second time you’ll pay one of the new rates (depending on the vehicle) and an additional rate of £310 a year for the next 5 years.
After 5 years, your vehicle will then be taxed at one of the new rates again.
It'll cost £140 plus the over £40k extra of £310 for the first five years.
Initial registration for the first year could cost up to £2000 but that's only for the first year.
From gov.uk:
New vehicles that cost more than £40,000
If you buy a vehicle with a list price (the published price before any discounts) of more than £40,000, you’ll pay a rate based on CO2 emissions the first time it’s taxed.
When you tax it for the second time you’ll pay one of the new rates (depending on the vehicle) and an additional rate of £310 a year for the next 5 years.
After 5 years, your vehicle will then be taxed at one of the new rates again.
sjg said:
I find it hard to be too bothered about £40k+ cars costing more to tax.
The impact on smaller, cheaper lower emissions stuff is pretty hard though - lots of superminis currently coming in at 90-120g/km will be going from paying <£100 for 3 years tax to £400+
No they won'tThe impact on smaller, cheaper lower emissions stuff is pretty hard though - lots of superminis currently coming in at 90-120g/km will be going from paying <£100 for 3 years tax to £400+
First year tax is based on emissions, then after that it's a blanket rate of £140 and remember this is only for new cars registered after April 2017
mgv8 said:
So if you get a 2017 car that cost over 40K and is in the top tax class it will cost you £2000 to tax then £900 after that for 5 years!
up to £2000 depending on the co2 emissions its one of the reasons i changed early (A45) on a 66 plate rather than next year
first year goes from £300 - £800 and years 2 - 4 go £200 - £450
an avoidable £1500 extra tax
Edited by Dave Hedgehog on Wednesday 30th November 12:37
What I mean is that a lot of new small, cheaper cars will be paying a big chunk of tax relative to their value. Lots of superminis are under £15k and do 90-120g/km CO2 because they have fairly small petrol engines, not because they're some special eco-wagon with a diesel engine specially tuned for the tests.
They'll be going from zero first year and £0-30 a year (so sub-£100 for 3 years motoring), up to £120-£160 first year then £140 thereafter. So £400 to £440 for 3 years motoring.
I guess there's always winners and losers but it doesn't seem to reward going for more efficient cars like it used to.
They'll be going from zero first year and £0-30 a year (so sub-£100 for 3 years motoring), up to £120-£160 first year then £140 thereafter. So £400 to £440 for 3 years motoring.
I guess there's always winners and losers but it doesn't seem to reward going for more efficient cars like it used to.
sjg said:
I find it hard to be too bothered about £40k+ cars costing more to tax.
The impact on smaller, cheaper lower emissions stuff is pretty hard though - lots of superminis currently coming in at 90-120g/km will be going from paying <£100 for 3 years tax to £400+
If you actually understood emmissions and pollution you will see what you are saying is pretty stupid.The impact on smaller, cheaper lower emissions stuff is pretty hard though - lots of superminis currently coming in at 90-120g/km will be going from paying <£100 for 3 years tax to £400+
For a start, when you say emissions at 90-120/km your talkng about one measurement. Co2 which is stupid.
Its a huge mistake by the government and we are paying a price now, because this makes diesels low emission. What it doesnt measure is particulates, which cause huge damage.
We are now starting to see citys charge diesels to enter, and its about time the real issues were dealt with instead of a stupid facination with CO2.
nottyash said:
If you actually understood emmissions and pollution you will see what you are saying is pretty stupid.
For a start, when you say emissions at 90-120/km your talkng about one measurement. Co2 which is stupid.
Its a huge mistake by the government and we are paying a price now, because this makes diesels low emission. What it doesnt measure is particulates, which cause huge damage.
We are now starting to see citys charge diesels to enter, and its about time the real issues were dealt with instead of a stupid facination with CO2.
^^^This^^^For a start, when you say emissions at 90-120/km your talkng about one measurement. Co2 which is stupid.
Its a huge mistake by the government and we are paying a price now, because this makes diesels low emission. What it doesnt measure is particulates, which cause huge damage.
We are now starting to see citys charge diesels to enter, and its about time the real issues were dealt with instead of a stupid facination with CO2.
Think I read somewhere that Government was losing revenue under the old system too because so many cars claimed to have met or 'exceeded' (yes I am thinking of you VAG) emission figures.
Slightly OT but have a letter at work from Porsche asking us to take our Macan in for an ECU software update.........
What could that possibly be the result of?
I wouldn't worry too much about the 'eco' view. The front loading of the tax in purchase has been done to serve a different purpose. It's one of many, many little measures that have been done to curb certain types of geared consumption. From mortgages to credit cards and everything in between taxes and affordability measures have been being introduced to steer activity away from consumer debt. The reason? All part of preparing the UK for what lies ahead in the not too distant future.
DonkeyApple said:
I wouldn't worry too much about the 'eco' view. The front loading of the tax in purchase has been done to serve a different purpose. It's one of many, many little measures that have been done to curb certain types of geared consumption. From mortgages to credit cards and everything in between taxes and affordability measures have been being introduced to steer activity away from consumer debt. The reason? All part of preparing the UK for what lies ahead in the not too distant future.
We're doomed I tell ye.............Doomed!Jim AK said:
DonkeyApple said:
I wouldn't worry too much about the 'eco' view. The front loading of the tax in purchase has been done to serve a different purpose. It's one of many, many little measures that have been done to curb certain types of geared consumption. From mortgages to credit cards and everything in between taxes and affordability measures have been being introduced to steer activity away from consumer debt. The reason? All part of preparing the UK for what lies ahead in the not too distant future.
We're doomed I tell ye.............Doomed!
Not yet but we know we have a couple of hard events impending and not enough people are match fit yet for example ther. Big, shock tax figures are always about controlling the way people act rather than collecting tax. So in this case that big figure is designed to deter those who would really be stretching to make the purchase etc. DonkeyApple said:
Not yet but we know we have a couple of hard events impending and not enough people are match fit yet for example ther. Big, shock tax figures are always about controlling the way people act rather than collecting tax. So in this case that big figure is designed to deter those who would really be stretching to make the purchase etc. DonkeyApple said:
I wouldn't worry too much about the 'eco' view. The front loading of the tax in purchase has been done to serve a different purpose. It's one of many, many little measures that have been done to curb certain types of geared consumption. From mortgages to credit cards and everything in between taxes and affordability measures have been being introduced to steer activity away from consumer debt. The reason? All part of preparing the UK for what lies ahead in the not too distant future.
Hmm, that would ascribe a degree of intelligence, future planning and concern for the long term which I can't say I have really noticed being exhibited by Politicians in the past ...Flooble said:
Hmm, that would ascribe a degree of intelligence, future planning and concern for the long term which I can't say I have really noticed being exhibited by Politicians in the past ...
This is true but there has been a big drop be to steer people away from the activities recognised by the BofE to be either the bigger threats or the most responsive to redirection. If road fund is being heavily front loaded going forward then it suggests that it's been used to direct spending habits rather than raise tax. sjg said:
it doesn't seem to reward going for more efficient cars like it used to.
That is the whole point of the new system.Too many people have been buying fuel efficient cars just to save a few pounds on road tax.
The loss of tax revenue has to be retrieved from somewhere.
As more drivers swap to electric cars the tax will eventually transfer to those cars rather than combustion engines.
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